The first month of 2019 is almost over, and while the crypto space didn’t see a crash like the one that ended the rally in early 2018, investors expecting a fresh spike have also been disappointed. At the moment, the crypto market seems to be stable enough, with only low volatility that is not particularly influential.
Nevertheless, the crypto community is mostly still optimistic about the future of digital coins, especially in the following months. Many of them are curious about where the cryptocurrencies will go from here, especially the top coins.
So far, XRP has drawn a lot of attention as the coin still sits above Ethereum and holds the position of the second largest cryptocurrency by market capitalization. Meanwhile, the price of the coin remains relatively low, with XRP currently valued at $ 0.317528, after rising 0.43% in the past 24 hours.
XRP has also shown signs of greater stability than most other coins, with price fluctuations being mostly minor. In the first half of January 2019, the XRP price was $ 0.36, and the value moved up and down only fractions of a cent. However, on Jan 10, the coin fell slightly to $ 0.32 where it largely remains, followed by minor ups and downs.
Why could XRP 2019 get big?
While 2018 was tough for XRP, as it was for any other cryptocurrency, the coin still had a lot of success throughout the year. He managed to perfect his products, get listed on numerous stock exchanges and enter into new partnerships with banks and financial institutions around the world.
Their products are the reason banks, typically skeptical and unfriendly about crypto, are ready to work with them. The products in question – xCurrent and xRapid – were developed by XRP parent company Ripple Labs. Ripple developed them with the aim of providing better, more technologically advanced solutions for payment transactions.
Sending payments is particularly problematic when it comes to international payments, which usually take hours or even days to process using the technology previously used by banks. While this was good enough a few years ago, now the world has moved on and banks have realized that they need to be improved.
By joining Ripple, they can stay relevant, improve their payment systems, and still retain some degree of control in the world that is rapidly turning to cryptocurrencies.
Bank usage increases awareness and trust in the coin, and the company’s CEO Brad Garlinghouse predicted in October 2018 that 2019 will be the year XRP will roll out on a massive scale. According to him, before the end of 2019, dozens of new banks will adopt XRP and Ripple technology.
By using this technology, banks gain access to RippleNet, which connects them to other financial institutions and enables near-instant transactions at a low price anywhere in the world where Ripple has established a presence.
Garlinghouse added that Ripple is the only company that currently has real customers and manages to solve some of the big and meaningful problems in the real world.
Even so, Garlinghouse has recognized that Ripple and XRP still have a long way to go before these goals can be achieved. In the meantime, XRP still needs to improve, but also wait for the crypto market to reach a more prosperous stage.
XRP is a unique coin in many ways. As mentioned earlier, it offers greater stability, solves real-world problems, and has grown in popularity a lot lately. Things haven’t always been that way, however, and XRP has had some issues, especially over the last year.
Because of his association with Ripple and numerous banks around the world, many crypto purists accused him of not being
a real crypto. XRP is said to be centralized, a security and even a scam that bribed multiple exchanges to make Ripple rich by scamming investors.
As a result, the company and even individual employees faced multiple legal proceedings, most of which failed during 2018. Even so, Ripple managed to distance itself from XRP and prove that the coin is decentralized.
Even if Ripple went away, in their opinion, XRP would still be able to survive, which was proof enough for many investors and XRP became a big and respected cryptocurrency ready to go big in the near future.
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